Maxwell Technologies Nets $7.5 Million from Warrants

Maxwell Technologies, Inc. MXWL announced today that 462,461 warrants to purchase Maxwell common stock at a price of $16.22 per share were exercised in full on December 20, 2010, resulting in cash proceeds of approximately $7.5 million. The warrants were issued in conjunction with a private placement of a $25 million convertible debenture in December 2005.